Essential Properties Realty Trust (EPRT) Misses Q4 EPS by 10c, Revenues Miss

Essential Properties Realty Trust (NYSE: EPRT) reported Q4 EPS of $0.05, $0.10 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $41.11 million versus the consensus estimate of $44.39 million.

CEO Comments

Commenting on the fourth quarter 2020 results, the Company’s President and Chief Executive Officer, Pete Mavoides, said, “We’re pleased that our results in the fourth quarter and 95% collection rate of January 2021 rent have confirmed the stability of our portfolio, and the quality and durability of our middle market tenant base.” Mr. Mavoides added, “After completing a record level of investments in the fourth quarter, we are encouraged by the continued strength of our investment pipeline, which enabled us to introduce our 2021 AFFO guidance earlier this year.”

For earnings history and earnings-related data on Essential Properties Realty Trust (EPRT) click here.

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